NEOG Stock Recent News

LANSING, Mich. , Dec. 19, 2023 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) will issue its second-quarter earnings release before the opening of the market on Tuesday, January 9, 2024.

Neogen's (NEOG) strategic alliance will expand feline DNA testing and strengthen its relationship with the kitty community.

Investors are optimistic about Neogen (NEOG), owing to product launches and the performance of segments.

Neogen will be able to highlight its biosecurity and horse health products, like the COMPANION range of cleansers and disinfection solutions, through the latest collaboration.

Neogen's (NEOG) Veratox VIP for Walnut allergy test displays robust performance across sample types while keeping the Veratox product line's simple testing approach.

Neogen (NEOG) is progressing well in terms of picking the right growth markets and gaining a bigger share of those markets.

Neogen (NEOG) reported earnings 30 days ago. What's next for the stock?

Neogen's weak first quarter results, including flat revenue on a pro forma basis, have seriously damaged its growth stock reputation, leading to a major decline in the shares. The integration of 3M's Food Safety business has faced multiple challenges, and it will take time to fully maximize the earnings power of this combined business. Getting all the acquired business operations under a Neogen-controlled roof should be a big help, but is still a year out.

Neogen's (NEOG) Q1 Animal Safety business experiences continued destocking, with channel inventory levels reaching multi-year lows.

While the top- and bottom-line numbers for Neogen (NEOG) give a sense of how the business performed in the quarter ended August 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.